Home Prices Up 5.73% Across the Country

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more.

2018 US Migration Report

What is the Cost of Waiting Until Next Year to Buy?

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to. Contact me: emmanuel@EmmanuelFonte.com 

Where Americans Moved to in 2018

In 2018, Americans were on the move. According to Updater’s annual moving destinations report, Americans moved to cities in every corner of the United States. From Seattle to Denver to Tampa and New York, Americans took advantage of the many diverse cities the U.S. has to offer.

Updater’s moving destinations report is based on aggregated moving trends determined by analyzing 2,000,000 anonymous household moves that took place between Jan. 1 and Aug. 31, 2018. Check out this visual representation of the top 15 most moved to cities in 2018.

read the full post: https://www.updater.com/trends/where-americans-moved-in-2018 

Where is the Housing Market Headed in 2019?

Read the 2019 forecast from Lennox Scott here: http://view.ceros.com/john-l-scott/2019-housing-forecast/p/1 

Existing Home Sales Slowed by a Lack of Listings

  • Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month.
  • The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we head into the winter season, home price growth has begun to slow more meaningfully. This allows for much more manageable, less frenzied buying conditions.”

Buying a Home is Cheaper than Renting

How 2,000 People Define The American Dream

What does it mean to “make it” in the U.S.? In the land of opportunity, the American dream lives on — but the definition has changed over time.

What You Can Learn From Multi-Billionaire Warren Buffett

Warren Buffett is one of the richest men in the world — a net worth of $84 billion is hard to argue with. He’s an inspiration to business owners, entrepreneurs and people who want to succeed. But how did he become so successful, and what can you learn from it? Buffett, who is regularly heralded as the greatest investor of all time, is still plugging along at 87 years old with a list of accomplishments that began when he was only five. Buffet began his first business operation at that time when he bought and sold Chiclets gum for a profit. At 6, he moved on to packs of Juicy Fruit gum, selling them by the stick and making 2 cents per package. He used the same philosophy with six-packs of Coca-Cola, earning 5 cents for each pack he sold.